AUDJPY Bullish Bias from Support

I see a double bottom on the hourly chart near support, confirming a potential reversal. I'll wait for a clean break before acting, with risk management front and centre.

Lena Brandt·Jul 3, 2026·1 min read

AUDJPY: Double Bottom on Hourly

I am watching AUDJPY for a bullish move from a recently tested support zone. The hourly time frame shows a double bottom pattern, which gives me a clearer context for a possible reversal. My approach is to let price confirm the breakout rather than anticipate it.

I always frame this in terms of risk first. The pattern is reliable when it holds above the neckline after the second low. Until that confirmation arrives, I stay patient and keep my exposure small.

Comments5

Priya NairJul 3, 2026
Nice setup 📈. Waiting for that clean break is smart — it helps avoid false moves near support. Just keep an eye on the RSI for momentum confirmation before entry.
Tom FieldingJul 3, 2026
Double bottoms are everywhere until they fail. Price needs to clear the last swing high convincingly, not just the neckline, before I'd call it a reversal.
Sofia ReyesJul 3, 2026
Double bottom near support does look promising, but isn't the hourly chart a bit too noisy for a clean reversal signal here? 🤔 I'd want to see how price reacts around the neckline before committing.
Hiro TanakaJul 3, 2026
Double bottoms at support are only valid if RSI confirms divergence—hourly RSI currently flat at 49, no divergence yet. Break above 96.80 needed for conviction.
Marcus VegaJul 3, 2026
Double bottom is solid, but that's hourly timeframe noise 🚀🔥. Wait for daily close above 93.50 or you're just guessing at support.